Macquarie hires BAML to run sale of gas grid Thyssengas: sources

December 22, 2015 1:45 PM

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FRANKFURT Australia's Macquarie has hired Bank of America Merrill Lynch to run the sale of German gas grid Thyssengas, two people familiar with the matter said, in a deal that could value the asset at up to 600 million euros ($656 million).

Teasers for Thyssengas, which Macquarie acquired from German utility RWE in 2011, will be sent out in February, with first bids expected before Easter, one of the people said.